Asian currencies were mostly down against the dollar during the week, as lingering concerns about the effect of the global recession on the region spooked investors. JAPANESE YEN: The yen lost ground during the week as the dollar received buying support after Washington unveiled a new plan to shore up the ...

Giving no attention to the fundamentals of the listed companies and the gloomy global reality, the market value and the volume of textile shares at the Dhaka Stock Exchange have posted an ...

Bangladesh may face slowing economic growth in fiscal 2008-09, hurt by a slowdown in the export-based industry and a decline in remittance as the financial crisis is panning out across the world, Asian Development Bank said yesterday. “The ...

The European single currency retreated Friday against the dollar as investors digested tumbling eurozone inflation data ahead of fourth-quarter economic growth numbers in the United States. In midday London trade, the European single currency fell to 1.2673 dollars from 1.2743 late on Thursday. Against the Japanese currency, the dollar sank to 97.30 ...

The dollar rose to a more than three-month high against the yen in Asian trade Thursday on renewed hopes of action by Washington to help banks hammered by the credit crunch. Investors were also selling the yen because of deepening fears about the health of the Japanese economy, dealers said. The dollar ...

Asian currencies ended the week down against the dollar, with the yen sinking sharply amid fears for the world’s second-biggest economy following a slew of bad data. The yen tumbled to six-week lows against the dollar as Japanese Finance Minister Shoichi Nakagawa’s resignation added to worries over the nation’s prospects for ...

The global economy as a whole could see zero growth this year as it reels from the effects of the financial crisis, the managing director of the International Monetary Fund (IMF) said yesterday. "The next IMF forecast, in three months time, could well be close to zero," warned Dominique Strauss-Kahn ...

The Asian Development Bank (ADB) hopes to secure a three-fold capital boost in May so it can help emerging nations through the economic crisis and support environmental projects, its head said today. "Given the credit crunch in the international financial market, it is all the more important to ensure developing ...